Russia officially defaults on sovereign debt payments. All Russian debt now rated as Junk (has been for several months).
Bloomberg
Looks like no one wants those precious, highly valued, next in line to be Reserve Currency Rubles as payment.
Ain’t that something?
And the Russians are still taking the Ukraine and we’re still destroying our own economy and empire in protest. The last bit yesterday was really the cherry on top of our turd sundae ! Now we’re banning Russian gold ! Like that’ll show the Russians ! Lol ! The Russians have zero problems selling their oil , gas , gold , or anything else. The Russians have zero problems buying things they need from around the world. The Russians will have to switch suppliers and makes of equipment but that’s it. The we on the other hand have destroyed our credibility and the faith in our monetary system.
You’d think with all that wonderful wealth and international successes you mentioned that they’d be able to honor their sovereign debts wouldn’t you?
Zero problems getting what they want and need, you say? Well, you might want to check up their situations with airlines for one.
We won’t mention the flood exit Of educated technical people who have fled their motherland either.
